Ethereum

Tornado Cash

The blockchain data tracker Arkham Intelligence <a href="https://platform.arkhamintelligence.com/explorer/address/0x93097B0a0aCE8FCD0b2337Ae5DC7f638c48234c2" rel="noopener noreferrer nofollow">revealed</a> that the WazirX hacker has moved 5,000 ETH, worth over $11 million. The hacker moved the fund to Tornado Cash on early Monday. This move is believed to be linked to North Korea and is seen as an effort to hide the digital trail of the stolen funds.WazirX’s $230M HackThe breach which happened in July had targeted one of WazirX’s multisig wallets, leading to a substantial loss of crypto assets, including <a href="https://cryptotale.org/wazirx-hacker-stole-and-sold-100-million-in-shib/" rel="noopener noreferrer nofollow">$100 million in SHIB</a>, $52 million in Ether (ETH), and other cryptocurrencies. This theft represented a significant portion of the exchange’s reserves, accounting for over 45% of its total holdings as <a href="https://wazirx.com/blog/wazirx-releases-proof-of-reserves-for-june-2024/" rel="noopener noreferrer nofollow">reported</a> in June 2024.Transaction AnalysisAccording to the details provided by Arkham, the illicit funds were moved to a new address at exactly 07:19 UTC. Shortly after the initial transfer, an additional $1.2 million in tokens was distributed across five separate transactions to Tornado Cash, a platform known for its ability to mix large volumes of crypto to mask the origins of funds.Security ImplicationsThe above incident highlights a critical vulnerability in the security protocols of crypto exchanges. Tornado Cash, although a legitimate service, has been frequently utilized by criminal entities to launder money. Hence, complicating efforts by law enforcement to track and recover stolen assets.<a href="https://cryptotale.org/north-korean-hackers-move-11m-in-stolen-eth-to-tornado-cash/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

North Korean Hackers Move $11M in Stolen ETH to Tornado Cash

CryptoTale

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